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A DTN analyst explains that dry lysine has become scarce after ADM ended dry lysine production in 2021. Soybean meal prices have surged as feeders seek substitutes.
Contributing factors include COVID-19 lockdowns, disrupted lysine trade, global shipping problems and speculative trading by Chinese traders.
Lysine scarcity pushes feeders toward soybean meal, supporting soymeal prices, while shipping and lockdown disruptions keep supply constrained.
dtnpf.comMary KennedyNov 22, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
